Is there a central body that issues bitcoin and controls the total amount of currency in circulation, like the European Central Bank or the bank of England do with their respective currencies? Presumably someone had to create it, so what prevented others from replicating it and rendering them valueless? Why would people choose to hold any money in bitcoin, which is generally regarded as being outrageously volatile compared to other currencies
03-18 12:45 - 'And how exactly does 21 million Bitcoins become worth that much when they’re struggling to be worth 5 thousand dollars. / Are all your projections based on hope or do you have any solid ideas how it really works becaus...' by /u/CreepyCranfield9 removed from /r/Bitcoin within 63-73min
''' And how exactly does 21 million Bitcoins become worth that much when they’re struggling to be worth 5 thousand dollars. Are all your projections based on hope or do you have any solid ideas how it really works because at the moment you’re speculating more than the speculators that give it its meagre value. ''' Context Link Go1dfish undelete link unreddit undelete link Author: CreepyCranfield9
When I go into robinhood, bitcoin is sitting at like $8.6k per share. I know when you cash out for like $10 it's $10 in bitcoin, that's very far off from a share, which would be a fractional share I guess you'd call it? Do people just wait until t hey reach like a full share of bitcoin or is the $10 cash out for bitcoin the same as just $10? Hope this question made sense lol, I might be thinking on this the wrong way, but I don't really know much about bitcoin.
I'm pretty new to this stuff, and honestly i have no idea how it works yet.. i would like to "get into" Bitcoin and learn how to use it and how it works etc. Because i would like to order some things that can only paid with/by Bitcoin. If someone could explain to me how to it works, i would really appreciate that! I don't want to jump right into it just by myself, because i really don't want to mess things up.
Bitcoin Cash hashrate is at all time high. Miners are putting ideology before profit mining BCH at a relative loss to BTC. Does not matter what side you are rooting for: This is _exactly_ how its intended to work, and its beautiful!
What exactly is Bitcoin, and how does it work? It kind of seems like a scam to me, but I’m probably wrong
I am very ignorant on this Bitcoin stuff, and apparently there are miners or whatever and a limited amount of Bitcoin and something about a “block chain??” Also, I heard about exchanges to buy bitcoins from. How can we trust these ‘exchanges’, and where do the exchanges get the Bitcoin from in the first place? Also, what is BTC and BCH or whatever? If someone could explain everything to me and about how Bitcoin works, that’d be wonderful. Thanks!
How exactly does a bitcoin atm work ? We all know btc transaction times can vary greatly, someone walk me through what it's like to get cash for btc from an atm
I posted this question as a comment in that thread about the btc atm at the music festival but didn't get any succinct answers. With transaction times varying so wildly, how does it work? Of course I can imagine several scenarios, but how do existing machines actually accomplish the task of verifying your btc transaction and then giving you cash? How long does it take on average? Do you have to enter any information, or does it just give you a one time use btc address to send to and that's it? Someone lucky enough to have access to one of these and use them regularly, fill me in on the actual user experience.
Miners mine new bitcoins and are rewarded with the fees on the network. How does this exactly work and how does the network determine which miners gets what reward?
Could somebody please explain the technicalities behind this system? This is unclear to me for a long time and I want to provide a better explanation to my family when we are having our Christmas dinner:) Many thanks guys.
Just found this bitcoin ATM around the corner from my office. Very tempted to buy 1 bitcoin as a possible investment. Is that silly? How exactly does the ATM work, how would i exchange the bc for cash once i want to sell?
How does Bitcoin work? This is a question often surrounded by confusion, so here's a quick explanation! The basics for a new user . As a new user, you can get started with Bitcoin without understanding the technical details. Once you've installed a Bitcoin wallet on your computer or mobile phone, it will generate your first Bitcoin address and you can create more whenever you need one. You can ... Crypto Newbie: What Is Bitcoin and How Exactly Does It Work? Jun 21, 2020 at 11:43 // News. Author Lana Smiley. Today, it is very difficult to find at least a single person in this wild world that hasn't heard of Bitcoin. Nevertheless, there are not many people who actually realize what this coin is. When talking about Bitcoin, an ordinary person would find more questions than answers, for ... How exactly to categorize Bitcoin is a matter of controversy. Is it a type of currency, a store of value, a payment network or an asset class? Fortunately, it's easier to define what Bitcoin ... As Bitcoin approaches its 10 years anniversary, the world's first and most successful cryptocurrency is still a mystery to many people in the market. Even as Bitcoin has made its way into the vocabulary of the masses, the average person still wonders "how does Bitcoin work and what makes this comput Bitcoin, the digital currency, has been all over the news for years. But because it’s entirely digital and doesn’t necessarily correspond to any existing fiat currency, it’s not easy to understand for the newcomer. Let’s break down the basis of exactly what Bitcoin is, how it works, and its possible future in the global economy.
It's hard to deny that Bitcoin is changing the way we use money, and our concept of how currency should work. So what is Bitcoin exactly? Decentralized/Centr... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. How does bitcoin mining work exactly? We from Cryptogold explained our investment strategy for you. Start mining today! We will share our servers with you. With the cloud mining services of ... Whether or not it's worth investing in, the math behind Bitcoin is an elegant solution to some complex problems. Hosted by: Michael Aranda Special Thanks: Da... Have you heard about Bitcoin, but aren't sure exactly what it is? Don't worry, in this short video, we'll tell you what you need to know about Bitcoin, what ...